1. Terry Semel is kicked out of office at Yahoo. After a $70mm+ compensation package last year, I doubt that he really cares. It seems that Michael Arrington over at TechCrunch isn’t too sad about the move. I guess he thinks the world is run by the valley (I’m not sure that he’s very wrong).

2. Entrepreneur has some useful stats about the 14 - 34 crowd. I find myself in 3 of the categories and I’ll let you guess which ones. Actually, the self-publishing one should be a dead giveaway.

3. The NY Times reports that growth in online sales continues to slow. While it’s still well above overall retail growth, we should start getting used to single and low double digit sales growth. Does anyone wonder why the NY Times is always at the top of the Technorati news links list? I think it’s a fix.

4. As the dollar weakened against other major currencies, NYC is no longer among the Top 10 world’s priciest cities. Moscow is now the reigning king (I guess Vladimir Putin has done something right). I’m still left wondering why they’re analyzing it on a relative basis. I live in NYC and it’s still pretty damn expensive. The last time I checked the dollar is worth a dollar. Nothing more, nothing less.

5. Oil prices rise to a 9 month high of $69 a barrel. It’s getting pricey, and since one can almost predict seasonal trends nowadays, we’re in for a long and cruel summer. Especially for those of us that drive to work. Yet, refinery capacity doesn’t change and Congress is doing nothing substantial about it. No matter what they say.